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    8268 W Lawrence Ave W Norridge, IL 60706

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    For Sale
    $349,900

    Land in Norridge business district, potential for multi-unit residential.

    Lot size:
    0.23 Acres

    Property Features for 8268 W Lawrence Ave W

    General Information

    Lot size
    0.23 Acres

    Source: Keller Williams Realty Partners Agent William Darling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norridge Business District Land Opportunity

    This property is located in the heart of the Norridge business district and is zoned B-1. With Village of Norridge approval, the zoning could be changed to multi-unit residential, potentially including a 3-flat building. The buildings immediately east of this lot are zoned for 3 units. The curb cut on Pittsburgh Ave is under the Village of Norridge jurisdiction, while the curb cut on Lawrence is under the jurisdiction of IDOT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.833223
    Latitude
    41.9669729

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    • $4,900,000
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      7701-7757 Lawrence Ave, Norridge, IL 60706

      Commercial real estate • 47,792 SF
      7701-7757 Lawrence Ave, Norridge, IL 60706
      View Details

    FAQs

    What type of property is this?
    Land - Land in Norridge business district, potential for multi-unit residential.
    Where is this land located?
    The property is located at 8268 W Lawrence Ave W Norridge, IL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - B-1 Zoning with potential for multi-unit residential development (subject to Village of Norridge approval).; - Located in the heart of the Norridge business district.; - Potential for a 3-flat building (subject to Village of Norridge approval).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8268 W Lawrence Ave W Norridge, IL 60706
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